Clinton to China

[Skip to the end] This should be an interesting exchange: China Needs US Guarantees for Treasuries, Yu Says by Belinda Cao and Judy Chen Feb 11 (Bloomberg) — In talks with Clinton, China will ask for a guarantee that the U.S. will support the dollar’s exchange rate and make sure China’s dollar-denominated assets are safe,” […]

Bloomberg: Paulson continues weak USD policy

[Skip to the end] Seems Paulson is still blocking foreign CBs from accumulating USD financial assets. This is a negative for the USD and a negative for US real terms of trade. It does support US exports and reduces the need to add to domestic demand, even as US consumption remains low. Yuan Rises Most […]